Richardson Electronics, Ltd. Fourth Quarter Earnings Sneak Peek

Richardson Electronics, Ltd. (NASDAQ:RELL) will unveil its latest earnings on Monday, July 18, 2011. Richardson Electronics is a global provider of engineered solutions and a global distributor of electronic components to the radio frequency, wireless and power conversion, electron device, and display systems markets.

Richardson Electronics, Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 3 cents per share, a decline of 91.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of 51 cents per share, a decline of 47.4% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported profit of one cent per share versus a mean estimate of net income of one cent per share. In the second quarter, the company beat estimates by one cent.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $39.8 million in revenue this quarter, a decline of 72.5% from the year ago quarter. Analysts are forecasting total revenue of $257.6 million for the year, a decline of 47.6% from last year’s revenue of $491.9 million.

Key Stats:

Revenue has fallen in the past two quarters. In third quarter, revenue declined 67.3% to $39.7 million from the year earlier quarter. In the second quarter, the figure fell 64.7%.

Competitors to Watch: Arrow Electronics, Inc. (NYSE:ARW), Avnet, Inc. (NYSE:AVT), Taitron Components Inc. (NASDAQ:TAIT), AVX Corporation (NYSE:AVX), TESSCO Technologies, Inc. (NASDAQ:TESS), Universal Power Group, Inc. (AMEX:UPG), Planar Systems, Inc. (NASDAQ:PLNR), General Electric Company (NYSE:GE), ANADIGICS, Inc. (NASDAQ:ANAD), and Anaren, Inc. (NASDAQ:ANEN).

Stock Price Performance: During June 13, 2011 to July 12, 2011, the stock price had risen 17 cents (1.3%) from $13.30 to $13.47. The stock price saw one of its best stretches over the last year between August 9, 2010, and August 13, 2010, when shares rose for five-straight days, rising 14.9% (+$1.25) over that span. It saw one of its worst periods between December 14, 2010, and December 27, 2010, when shares fell for nine-straight days, falling 5.8% (-69 cents) over that span. Shares are up $1.84 (+15.8%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!

More from The Cheat Sheet